The European credit rating market is on the move. In the light of the call for a European response to the American rating oligopoly, the implementation of the EU regulation on the registration of rating agencies and increasing concerns of just German medium-sized companies on the capital market financing European agencies gain further importance.
One of the latest movers on the European ratings scene is Creditreform Rating AG. It is approved as a European rating agency and is a leader in the field of SME rating in Germany. About three quarters of the medium-sized bonds issuers have a rating of Creditreform rating AG. So far, around 350 ratings were created. In addition, about 750 so-called special-purpose ratings on behalf of banks were carried out.